Hi, quick background:
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Just opened an IRA Roth and plan to have it maxed by the end of tax year. Right now, I could put it all in there and I'd be ok financially, but not sure if I should do that or do it periodically (already did out the math)
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I opened up IRA Roth because my employer will do match after 1 year of service, so I plan to open 401k once that happens next year. Good plan?
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Now that I have my IRA Roth in Vanguard, I don't know what to choose. I can't seem to find a good answer online, rather, it's all explaining what each of the options are: mutual funds, target funds, ETFs, index funds etc and its mind bottling. What would be best to invest in?
My goal is to use IRA Roth as a temporary retirement account until I can get the 401k match and hopefully continue to max it out every year following that. Because it's long term I'd like to try to semi-set it and forget it, but I also want some control and don't want to pay any extra fees if I don't have to, that's why I got Vanguard because I've read that it offers small fees and no commissions on things.
Another thing to note, I have a Robinhood account with stocks I've bought recently and I'd like it to be for trading, but it's looking like it's gonna be more of a long term with those too.. the other thing is that I have student loans (around 29k) and would like to pay them off as soon as possible
Please let me know what you think of my overall plan, I'm new to this and would like to really take the reins on this and be aware of my personal finances. Please let me know what you think I should do differently and/or what I should invest in with IRA Roth.
Thank you
Submitted August 15, 2017 at 11:59PM by igcetra http://ift.tt/2vHgpPi
